Source Pravda.Ru

Americans profit from weak Russian ruble


"It is advantageous to Americans and Europeans, to buy more of Russian assets with one dollar," political analyst and journalist Yuri Ursov told Pravda.Ru.

"The drop and growth of the Russian ruble has been going on for a very long time. I do not think that it matters a lot for the majority of our population. All this is a reflection of speculative games. This is a paradoxical situation: oil has been getting more expensive. Then there is the international situation, the Americans are flaming wars in the Middle East.

The pattern is as follows: oil becomes more expensive, and so does the ruble. In Russia, the situation is somewhat different: oil becomes more expensive, and the ruble drops.

"The Russian authorities have announced a second stage of privatization . This is a fairly large money, trillions of rubles. According to our legislation, dollars are used to pay for the acquired assets. The Americans or Europeans profit from the weak ruble so that they can buy more for one dollar. Therefore, in an anticipation of privatization - I think this is one of the factors - they push the ruble down," said Ursov.